Economics 0455: Basic economic problem: choice and the allocation of resources Topical Past Paper Questions
Cambridge IGCSE Economics (0455) past-paper questions on Basic economic problem: choice and the allocation of resources, free. This topic is frequently examined across 26 exam sessions. Sign in for the full topic-segregated question bank and AI worksheets.
Sample questions
A country has 100 units of resources which it uses to produce food or clothes. 1 unit of resources produces 10 units of food. The opportunity cost of 1 unit of food is 2 units of clothes. Which diagram shows the country's production possibility curve (PPC)? **A.** **B.** **C.** *…
The diagram shows a production possibility curve (PPC). Which position is most likely to lead to the greatest outward shift of the PPC?
The diagram shows a production possibility curve (PPC) for digital televisions and CD players. Which movement shows an increase in the use of existing resources to increase production for both digital televisions and CD players? A X to W B X to Z C Z to W D Z to Y
Sign in required
Full Basic economic problem: choice and the allocation of resources question set, mark schemes and AI worksheets
Log in for the full topic-segregated question set, mark schemes, and AI worksheets built from every Economics past paper. New accounts start with 25 free credits.
Explore all Economics topics
All Economics topics